Crypto markets have seen a correction recently, with Bitcoin and Ether prices trading at critical levels. The sell-off has pushed BTC to below $25k and ETH to below $1.6k. Bitcoin is 11% down this week, while Ether has shed nearly 10%. The altcoin market has also seen double-digit losses for many prices.
However, despite the overall weakness, experts predict a flip towards a bull market early next year. Potential upside catalysts include spot ETFs and regulatory clarity. This could be an opportunity for investors to buy low.
Chancer, a prediction markets crypto project, has seen nearly $1.6 million raised in its presale. This indicates that investors still see value in blockchain-based betting despite the current market landscape.
Chancer is a revolutionary platform that takes control from the traditional, centralised bookmaker and hands it to individual bettors. Participants can create bets on anything, including sports, elections and local community events. The ecosystem will be powered by $CHANCER, a utility token to be launched on the Binance Smart Chain. Currently, the price of $CHANCER is $0.011 and will increase throughout the offer period to $0.021.
The project offers more than just a currency to creating bets, playing and winning payouts. Holders will also have passive income opportunities, including via staking and a Share2Earn feature to promote bets to the global community.
Given the market downturn, it is an opportune time to invest in Chancer. Analysts are increasingly bullish on crypto and the platform’s launch is expected to coincide with a market uptick. Chancer could spearhead the P2P betting revolution, with a forecast report suggesting significant growth in the industry over the next decade.
If you are interested in learning more about this project, visit Chancer.com.